Boom, Bust, Boom: Buying a Whiplash Business
Oct 26, 2023•1 hr 23 min
Episode description
Chandler Reed reflects on buying a project-based business in 2021, seeing sales soar, then crash, then surge again.
Topics in Chandler’s interview:
- His unconventional entrance into the search space
- Buying a commercial lighting contractor
- Incentivizing the sole employee to stay on
- The challenges of managing people
- The ups and downs of project-based revenue
- How interest rates affected his deal flow
- Involvement with Sam Rosati’s boot camp
- Choosing a business based on desired lifestyle
- Pros and cons of subcontracting
- His preference for digital over physical businesses
References and how to contact Chandler:
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact mark@aspenhr.com or visit Aspen HR
Get complimentary due diligence on your acquisition's insurance & benefits program:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
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